BP Starts Production at Caspian Gas Project
‘This marks the first-ever commercial gas production operations on ACG, one of the world’s largest oil-producing fields’.
Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
B27 Intelligence, Energy M&A, Operator Watch, Permian Deal Monitor
California natural gas prices reach historic lows in early 2026
Monthly average natural gas spot prices in California reached record lows in the first five months of 2026, dropping to
JP Morgan Sees Increasing Monthly Oil Demand Losses
‘Globally, we track demand losses of 2.8 million barrels per day in March, 4.3 million barrels per day in April,
Rosneft Sees Increase in Profit on Higher Oil Prices
Despite Rosneft’s stronger showing in the first three months of 2026, CEO Igor Sechin said the company may book impairments
Analyst Flags Conflicting USA-Iran War Statements
‘We hear and read conflicting statements and headlines around the clock regarding negotiations between the United States and Iran to
LNG Deliveries to China Rebound in May
The world’s largest LNG buyer stepped up purchases ahead of peak summer demand, reversing a months-long decline following disruptions to
SBM Offshore, Solstad partner to build new deepwater installation vessel
SBM Offshore and Solstad Offshore have formed a joint venture to build a next-generation deepwater installation and construction vessel, expanding
Crude Surges on Iran Tensions
Brent and WTI rallied after reports Iran may halt US negotiations.
France Boards Tanker Tied to Russian Oil Trade
France’s navy boarded another oil tanker on the high seas after it sailed from Russia.
B27 Intelligence, Energy M&A, Industry Reports
ROGII upgrades StarSteer software for geosteering and subsurface analysis
ROGII has released StarSteer 2026.1, introducing enhanced geosteering workflows, advanced well attribute management and expanded 3D geomodeling capabilities designed to
Trump tells CNBC: ‘I don’t care’ if Iran negotiations are over
President Trump spoke with CNBC’s Eamon Javers about the latest with the Iran war in an interview Monday.
Energy NL conference to spotlight offshore growth opportunities
Industry leaders, policymakers and operators will gather in St. John’s this week for the Energy NL Conference & Exhibition, where
bp unlocks major gas resource at Azerbaijan’s ACG field
bp and its ACG partners have commenced the first commercial non-associated gas production at the Azeri-Chirag-Gunashli field offshore Azerbaijan, opening
B27 Intelligence, Energy M&A, Industry Reports
Parex closes $500 million Frontera E&P acquisition in Colombia
Parex Resources has completed its $500 million acquisition of Frontera E&P’s Colombian assets, adding approximately 37,000 boed of production and
Oil jumps after report Iran suspends communications with U.S.
Oil prices climbed sharply after reports that Iran plans to suspend communications with the United States, raising concerns about ongoing
Netherlands Backs $1.2B Subsidy to Refill Gas Stocks
The Netherlands has approved a subsidy of as much as $1.2 billion for state-owned energy company EBN Capital BV to
NOAA Predicts 2026 Atlantic Hurricane Activity
NOAA revealed that it is predicting a ‘below normal’ Atlantic hurricane season this year.
Equatorial Guinea Clears Europa Oil’s Block Farm-Out to Chinese Firm
Europa Oil & Gas said it is moving closer to drilling the Barracuda prospect offshore Equatorial Guinea after the Central
Eni, Seri Industrial Agree Integrated Battery Partnership in Italy
Eni and fellow Italian company Seri Industrial agreed to launch a partnership that spans the lithium iron phosphate battery value
B27 Intelligence, Energy M&A, Industry Reports
Weatherford to acquire NCS Multistage, expanding completions portfolio
Weatherford has agreed to acquire NCS Multistage in a move that expands its well completions portfolio and strengthens its exposure